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re: Pocahontas is already blaming Trump for the demise of Spirit Airlines

Posted on 5/2/26 at 2:54 pm to
Posted by KCT
Psalm 23:5
Member since Feb 2010
50092 posts
Posted on 5/2/26 at 2:54 pm to
That Injun be trippin'
Posted by Big Scrub TX
Member since Dec 2013
39874 posts
Posted on 5/2/26 at 2:55 pm to
quote:



Also, I believe every major airline aside from Southwest has previously gone through a debt restructuring and hung shareholders out to dry.
The bottom line is that the airline business is a terrible one. For all the complaints fliers have that are basically tropes at this point, fliers also prove themselves to be 100% price shoppers, thus contributing to the further commodification of a low-margin business.

I believe airlines in aggregate have net lost money as an industry since their inception 100 years ago or whatever.
Posted by Bigdawgb
Member since Oct 2023
4281 posts
Posted on 5/3/26 at 11:39 am to
quote:

So then my question still sort of applies: if there is demand for such flights, won't it be pretty quickly that they are still made available, either by extant airlines or by a new one?


They'll be made available, just not at Spirit's price point...demand will quickly shrink as a result.

Without looking at Spirit's financials, I'm assuming that doing flights at their price point was just not a feasible business model & it would also be unfeasible for other air lines.
Posted by dalefla
Central FL
Member since Jul 2024
4143 posts
Posted on 5/3/26 at 11:53 am to
quote:

and hung shareholders out to dry


Why do people act like stocks only go up? Purchasing stock is just legal gambling. And Wallstreet traders are basically gambling with other people's money.
Posted by 632627
LA
Member since Dec 2011
15140 posts
Posted on 5/3/26 at 11:58 am to
quote:

Why do people act like stocks only go up? Purchasing stock is just legal gambling. And Wallstreet traders are basically gambling with other people's money.


I was responding to a question about different types of bankruptcy procedures.
Posted by George Dickel
Member since Jun 2019
2250 posts
Posted on 5/3/26 at 12:11 pm to
That was one of Seinfeld’s funniest episode.
Posted by dkreller
Laffy
Member since Jan 2009
34020 posts
Posted on 5/3/26 at 12:24 pm to
I imagine Spirit’s business model is only profitable at like $40 barrel oil.
Posted by Big Scrub TX
Member since Dec 2013
39874 posts
Posted on 5/3/26 at 2:20 pm to
quote:


Without looking at Spirit's financials, I'm assuming that doing flights at their price point was just not a feasible business model & it would also be unfeasible for other air lines.
So all the handwringing and blame games are silly then.
Posted by pelicanFLY
BR - NOLA
Member since Aug 2013
23 posts
Posted on 5/3/26 at 5:13 pm to
Sure, but the merger may have created a more sustainable business model meeting somewhere in between. Pocahontas advocating for the dissolution of the merger should rightfully be criticized. Congress and judges should be held legally accountable, to some extent, for the results of their recommendations & decisions.. but that is a can of worms likely never to practically be defined and ultimately one more justification for term limits.
Posted by Chazreinhold
Utah
Member since Oct 2020
7481 posts
Posted on 5/3/26 at 5:32 pm to
quote:

That was one of Seinfeld’s funniest episode.


One of my favorites



This post was edited on 5/3/26 at 5:35 pm
Posted by RazorBroncs
Possesses the largest
Member since Sep 2013
16209 posts
Posted on 5/3/26 at 5:40 pm to

She literally says Spirit Airlines has gone bankrupt twice before now in her first sentence.

Was it Trump's fault then too? Or could it be that they had a shitty business model and catered to clientele that don't have disposable income, and also had a reputation of being MLK Blvd. in the sky?
Posted by K2LAW
Lake Charles, LA
Member since Jun 2007
1807 posts
Posted on 5/3/26 at 6:18 pm to
quote:

My question is around bankruptcy itself.


It depends on how they file. There is reorganization and then there’s liquidation
Posted by Megasaurus
Member since Dec 2017
1632 posts
Posted on 5/3/26 at 7:17 pm to
quote:

Pocahontas is already blaming Trump for the demise of Spirit Airlines


I wonder how she knew to sell all of her spirit airlines stock a couple weeks ago at a yuge profit...what dumb luck..
Posted by udtiger
Over your left shoulder
Member since Nov 2006
115486 posts
Posted on 5/3/26 at 7:23 pm to
Cünt says what?
Posted by Narax
Member since Jan 2023
7970 posts
Posted on 5/3/26 at 7:30 pm to
quote:

Pocahontas is already blaming Trump for the demise of Spirit Airlines


Posted by tigger1
Member since Mar 2005
3860 posts
Posted on 5/3/26 at 7:35 pm to
She just made a ton of money on this deal.

Remember when they went Bankrupt twice, she bought a ton of stock for pennies on the dollar and just sold that stock before the latest bankruptcies.
Posted by Big Scrub TX
Member since Dec 2013
39874 posts
Posted on 5/3/26 at 7:43 pm to
quote:

Sure, but the merger may have created a more sustainable business model meeting somewhere in between. Pocahontas advocating for the dissolution of the merger should rightfully be criticized. Congress and judges should be held legally accountable, to some extent, for the results of their recommendations & decisions.. but that is a can of worms likely never to practically be defined and ultimately one more justification for term limits.
Sure. I hate Pocohontas, but let's be honest: airlines are such a terrible business and are so bound up with the government to begin with that it's sort of hard to just pick and choose certain things to blame on people.

If there truly is a way to deliver whatever Spirit was delivering, then it'll still happen. I feel bad for the folks who got stranded, but that's a one time time event.
Posted by Jorts R Us
Member since Aug 2013
17551 posts
Posted on 5/3/26 at 7:45 pm to
quote:

She just made a ton of money on this deal. Remember when they went Bankrupt twice, she bought a ton of stock for pennies on the dollar and just sold that stock before the latest bankruptcies.


Makes for great X content. It's a shame the facts don't support it.
Posted by Macfly
BR & DS
Member since Jan 2016
10405 posts
Posted on 5/3/26 at 7:47 pm to
As if she knows anything about a hopelessly mismanaged airline that was destined to fail.
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